Unused Vacation Leave Sample Clauses

Unused Vacation Leave a) An employee may surrender unused vacation hours and receive regular hourly wages for those hours surrendered.
Sample 1Sample 2
AutoNDA by SimpleDocs
Unused Vacation Leave. On June 30th of each year of this Agreement, the District shall redeem each day of unused vacation leave up to a maximum of 16 days, at his per diem rate, which shall be calculated by dividing the Superintendent’s then-current gross annual salary by 260. The full redemption amount for the sixteen (16) unused vacation days shall be deposited as a non-elective employer contribution to the account established for the Superintendent in either the 403(b) tax sheltered annuity plan or the Section 457 plan; provided, however, that the timing and amount of such contributions shall be subject to any restrictions imposed by law. Any accrued but unused vacation leave which is not redeemed pursuant to this Paragraph will be carried forward for use in subsequent year(s). In the event that Dr. Doll separates from his employment at or before the end of the Term of this Agreement for any reason except his termination for cause in accordance with Section 1080 of the Public School Code, 24 P.S. 10-1080, the District shall redeem all of the Superintendent’s unused days of vacation leave at the Superintendent’s then-current per diem rate for each day of unused vacation leave. Such redemption amount for unused vacation leave at retirement shall be made in the form of a non- elective employer contribution into a 403(b) plan for the Superintendent. If the redemption amount exceeds the contribution limits under Section 415(c) of the Internal Revenue Code, the excess shall be contributed in subsequent years until such payment is fully made, subject to the limitations of the Internal Revenue Code. There is no cash option for such payments for unused vacation leave.
Sample 1
Unused Vacation Leave. Any employee who is eligible for Vacation leave benefits and terminates his or her employment with the CITY will be paid for any unused Vacation leave hours.
Sample 1
Unused Vacation Leave. 22.06 Where in any vacation year a worker has not been granted all of the vacation leave credited to her, the unused portion of her vacation leave shall be carried over into the following vacation year. Any vacation leave carried over from the previous year or prior years is considered, for the purposes of clause 22.04, as having been earned during the current year.
Sample 1
Unused Vacation Leave. Employees who retire from the District will be paid on a per diem basis at their then current rate of pay for any accumulated, unused vacation leave days. Any employee who becomes a Principal, Vice Principal or a Supervisor after July 1, 1997 shall be limited to payment for 100 accumulated, unused vacation leave days. Employees shall only be allowed to carry over unused vacation leave days into the following school year upon the prior approval of the Superintendent of Schools.
Sample 1

Related to Unused Vacation Leave

  • Unused Vacation ASF Members may accumulate unused vacation to any amount provided that once during each fiscal year each ASF Member's accumulation must be reduced to two hundred and seventy-five (275) hours or less, unless the President determines that the ASF Member is unable to utilize vacation leave because of the requirements of the individual’s assignment or because of physical incapacity. This reduction must be accomplished on or before last day of the fiscal year. If this reduction is not accomplished on or before the last day of the fiscal year, the ASF Member’s accumulation shall automatically be reduced to two hundred and seventy-five (275) hours effective on the last day of the fiscal year, and the amount of accumulation over two hundred and seventy-five (275) hours will transfer to the ASF Member’s bank of lapsed sick leave (See Article 18, section C, Subd.2). Vacation leave accrued during the pay period that includes the last day of a fiscal year, will be credited to each ASF Member’s balance after deductions are made for vacation used and/or reduced pursuant this Subdivision.

  • Vacation Leave A part-time employee shall earn vacation leave credits for each month in which the employee receives pay for at least twice the number of hours in the employee’s normal workweek, at the rate for years of service established in clause 34.02 of this Agreement, prorated and calculated as follows:

  • Annual Vacation Leave 33.01 An Employee shall not take vacation leave without prior authorization from the Employer.

  • Banked Vacation Once every five years an employee may bank one full year's vacation to be taken in conjunction with the next year's vacation. For the purposes of this clause, all vacation in the second year must be taken concurrently.

  • Recall from Vacation Leave Where, during any period of vacation leave, an employee is recalled to duty, such employee shall be reimbursed for reasonable expenses, as normally defined by the Employer, that such employee incurs:

  • Vacation Leave Maximum Employees may accumulate maximum vacation leave balances not to exceed two hundred and forty (240) hours. However, there are two (2) exceptions that allow vacation leave to accumulate above the maximum:

  • Accrued Vacation It is further agreed by the parties hereto that, upon sale or transfer of ownership of any store or upon dissolution of business, vacation pay for all months worked for which no vacation pay has been given shall be immediately paid to all employees coming under this Agreement, regardless of length of time said employee has been with the Employer.

  • Paid Vacation Except as otherwise provided in this Article, paid vacation shall be granted no later than the fiscal year immediately following the fiscal year in which it is earned. Following the completion of six (6) months of service, the employee shall be entitled to use earned paid vacation.

  • Vacation Leave Credits ‌ Full-time and part-time employees will be credited with vacation leave accrued monthly, according to the rate schedule and vacation leave accrual below.

  • Vacation During the Employment Period, the Executive shall be entitled to paid vacation in accordance with the most favorable plans, policies, programs and practices of the Company and its affiliated companies as in effect for the Executive at any time during the 120-day period immediately preceding the Effective Date or, if more favorable to the Executive, as in effect generally at any time thereafter with respect to other peer executives of the Company and its affiliated companies.

Time is Money Join Law Insider Premium to draft better contracts faster.